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Tuesday, 15 February 2011

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Coffee rallies to 13.5 year high on skimpy supply

  • Tuesday, 15 February 2011
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  • NEW YORK/LONDON � Arabica coffee galloped Wednesday to a 13-1/2 year high on tight supplies of high quality beans which may persist into the next crop season, analysts said. Sugar extended its losing streak although it seemed to be consolidating while cocoa was steadier in thin business. New York's March arabica coffee futures (KCH1) climbed 6.00 cents or by 2.4% to close at US$2.536 per lb



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